Trading Block: For the second show in a row, the S&P is literally closed unchanged at 0.0%, what are the odds? The Fed pretty much stymied most activity. Have to love the Feds – says end of tax cuts is the most important fiscal event on the horizon, yet refuses to comment on whether tax cuts should stay or go. China cut their benchmark lending rate for the first time in about 4 years. VIX drifting toward the lower end of its recent range. Commodity/Metals update. Odd Block: Interesting and unusual activity in Lululemon Athletica, Inc. (LULU), Market Vectors Gold Miners Index ETF (GDX), and SPDR S&P Homebuilders ETF (XHB)Xpress Block: Sean Fitzgerald returns to the Xpress Block for the second time and discusses Facebook and its seemingly recent divorce from the public's love and attention. In other news, Starbucks will start producing for the "K-Cup" Green Mountain single cup coffee brewing system.Listener Mail: Taking on listener questions.Around the Block: Keeping an eye on Greece and The Fed.
Option Block 156: Greek Tragedy
Trading Block: The selloff eased after the bloodbath on Friday. The S&P closed almost completely unchanged today. Still waiting for the Greeks. All-time record lows in the 10- and 30-year bonds. VIX headed to 30…and beyond? A Facebook flow recap. Peak 6 gobbles up the remnants of Pension, creating a new entity, Apex Clearing Corp.Odd Block: Unusual and interesting activity in Research in Motion, Ltd. (RIMM), HollyFrontier Corp. (HFC), and Hansen Medical, Inc. (HNSN).Xpress Block: Newcomer Sean Fitzgerald gets to take hold on the OX reins and discusses the July crude oil technicals, SPX and an upcoming economic report.Around the Block: Greece, Greece and more Greece with a side of Saganaki.
Option Block 156: Greek Tragedy
Trading Block: The selloff eased after the bloodbath on Friday. The S&P closed almost completely unchanged today. Still waiting for the Greeks. All-time record lows in the 10- and 30-year bonds. VIX headed to 30…and beyond? A Facebook flow recap. Peak 6 gobbles up the remnants of Pension, creating a new entity, Apex Clearing Corp.Odd Block: Unusual and interesting activity in Research in Motion, Ltd. (RIMM), HollyFrontier Corp. (HFC), and Hansen Medical, Inc. (HNSN).Xpress Block: Newcomer Sean Fitzgerald gets to take hold on the OX reins and discusses the July crude oil technicals, SPX and an upcoming economic report.Around the Block: Greece, Greece and more Greece with a side of Saganaki.
Option Block 155: The Long and Winding Road to Nowhere
Trading Block: Given the end of month, it was a strange seesaw-like day on the market. Facebook is actually going up, closing today at $29.53. There is a lot of opportunity in those options. Commodities movers today included crude oil, natural gas, soy meal, oats, soybeans, wheat, coffee and lumber. But who could forget about bond? Gold and silver rundown. Xpress Block: Tim Navabi takes the OX seat and talks first about the Corzine Rule being proposed for futures brokers, and then the number tomorrow. Strategy Block: Uncle Mike Tosaw's strategy and story from today are about adjustments of trades.Around the Block: Again, the big number tomorrow – if you fail to prepare, be prepared to fail. Election in Greece later this month. Check out the Facebook options survey results posted on theoptionsinsider.com
Option Block 155: The Long and Winding Road to Nowhere
Trading Block: Given the end of month, it was a strange seesaw-like day on the market. Facebook is actually going up, closing today at $29.53. There is a lot of opportunity in those options. Commodities movers today included crude oil, natural gas, soy meal, oats, soybeans, wheat, coffee and lumber. But who could forget about bond? Gold and silver rundown. Xpress Block: Tim Navabi takes the OX seat and talks first about the Corzine Rule being proposed for futures brokers, and then the number tomorrow. Strategy Block: Uncle Mike Tosaw's strategy and story from today are about adjustments of trades.Around the Block: Again, the big number tomorrow – if you fail to prepare, be prepared to fail. Election in Greece later this month. Check out the Facebook options survey results posted on theoptionsinsider.com
Option Block 154: When In Doubt, Roll It Out
Trading Block: More Facebook fallout – What's the situation been like at OX? Participate in our Facebook options survey, link on Options Insider. Facebook dragged other social media stock, like Zynga and LinkedIn, down with it. A low BBI with Apple over at KYO. Odd Block: Interesting and/or unusual activity in: AT&T, Currency Shares Euro Trust, (FXE), and Owens-Illinois, Inc. (OI). Xpress Block: Tim Navabi takes a seat in Xpress Block chair and discusses a call taken today by a customer looking to buy some silver futures all the way out to Dec 2015. Also, some updates on the commodities as well.Strategy Block: Mike Tosaw has the floor in this Strategy Block and talks about trading back spreads Apple.Around the Block: Facebook Options list on the 29th.
Option Block 154: When In Doubt, Roll It Out
Trading Block: More Facebook fallout – What's the situation been like at OX? Participate in our Facebook options survey, link on Options Insider. Facebook dragged other social media stock, like Zynga and LinkedIn, down with it. A low BBI with Apple over at KYO. Odd Block: Interesting and/or unusual activity in: AT&T, Currency Shares Euro Trust, (FXE), and Owens-Illinois, Inc. (OI). Xpress Block: Tim Navabi takes a seat in Xpress Block chair and discusses a call taken today by a customer looking to buy some silver futures all the way out to Dec 2015. Also, some updates on the commodities as well.Strategy Block: Mike Tosaw has the floor in this Strategy Block and talks about trading back spreads Apple.Around the Block: Facebook Options list on the 29th.
Option Block 153: Facebook Faceplant
Trading Block: The market had no real direction. The Euro got crushed and bonds had the only give back of the day. Sebastian looks at the correlation between TLT and VIX. Commodities rundown featuring gold, crude oil and natural gas.Xpress Block: Going over the tumultuous week/weekend of Facebook. What was the environment like over at OX? The financial media had a field day with the Facebook IPO. Going over the valuation of Facebook and the upcoming options on the 29th.Around the Block: Breaking news: On May 31st, the CBOE will extend the listings of their PM settled, SPX end of week options to include the following expirations: June 8th, June 22nd and July 6th. Keeping an eye on the crude inventories report. A long three-day weekend coming up.
Option Block 153: Facebook Faceplant
Trading Block: The market had no real direction. The Euro got crushed and bonds had the only give back of the day. Sebastian looks at the correlation between TLT and VIX. Commodities rundown featuring gold, crude oil and natural gas.Xpress Block: Going over the tumultuous week/weekend of Facebook. What was the environment like over at OX? The financial media had a field day with the Facebook IPO. Going over the valuation of Facebook and the upcoming options on the 29th.Around the Block: Breaking news: On May 31st, the CBOE will extend the listings of their PM settled, SPX end of week options to include the following expirations: June 8th, June 22nd and July 6th. Keeping an eye on the crude inventories report. A long three-day weekend coming up.
Option Block 152: Facebook: Buy, Sell, or Wait for Options?
Trading Block: Not a great day on the market, NASDAQ down significantly. The big grind toward summer begins, almost an exact replay on last year. OTM premium looks like a good buy. A rundown of commodities – gold is still getting whipped. Odd Block: Interesting and unusual activity in American Eagle Outfitters (AEO), Elan Pharmaceuticals, and Clean Energy (CLNE). Strategy Block: Facebook’s official price is $38, buy or sell? How high could this stock possibly go?Around the Block: Looking at Sears trading tomorrow after earnings today. The TLT may likely continue to go higher. More uneasiness in Greece. May we hit a temporary bottom tomorrow?
Option Block 152: Facebook: Buy, Sell, or Wait for Options?
Trading Block: Not a great day on the market, NASDAQ down significantly. The big grind toward summer begins, almost an exact replay on last year. OTM premium looks like a good buy. A rundown of commodities – gold is still getting whipped. Odd Block: Interesting and unusual activity in American Eagle Outfitters (AEO), Elan Pharmaceuticals, and Clean Energy (CLNE). Strategy Block: Facebook’s official price is $38, buy or sell? How high could this stock possibly go?Around the Block: Looking at Sears trading tomorrow after earnings today. The TLT may likely continue to go higher. More uneasiness in Greece. May we hit a temporary bottom tomorrow?
Option Block 151: The After-Hours Trading Debate
Trading Block: Groupon earnings after the close, up by just a dollar. Red throughout most of the commodities today. Zynga had a little pop on the heels of the Facebook IPO news. Much like GRPN, a lot of legging opportunities. Ford re-tracing some of it lows in the recent months. Odd Block: Unusual and interesting activity in Groupon, Inc. (GRPN), Dollar Tree Stores, Inc. (DLTR), and Chico’s FAS, Inc. (CHS). Xpress Block: Tim Navabi takes the OX hot seat and discusses Facebook – options on Facebook will be available about 2-5 days after the IPO. Mail Block: Email question from Todd Dusaign.Around the Block: GRPN rallied a bit up to $13.25. Still keeping an eye on Greece. UN summit on its way to Chicago.
